Keqiao's Q1 Economic Report Card is In

Keqiao District recently released its economic results for the first quarter, reporting a GDP of 54.277 billion yuan, a year-on-year increase of 7.2% at comparable prices—1.8 and 1.2 percentage points higher than the national and provincial averages, respectively. This steady growth has laid a strong foundation for meeting the district's full-year economic targets and highlights the robust resilience of Keqiao's economy.

Breaking down by sector, the added value of the primary industry reached 639 million yuan, up 2.1% year-on-year; that of the secondary industry was 26.216 billion yuan, an increase of 7.6%; and that of the tertiary industry totaled 27.422 billion yuan, rising by 6.8%. The industrial structure now stands at 1.2:48.3:50.5, with the "3-2-1" pattern further refined and the tertiary sector surpassing 50%. This reflects significant improvements in the comprehensiveness, balance, and sustainability of economic development.

As the backbone of the district's economy, Keqiao's industrial sector delivered an outstanding performance in the first quarter, with the added value of industrial enterprises above the designated size increasing by 12.3%, achieving double-digit growth.
This was driven by both the revitalization of traditional industries and breakthroughs in emerging sectors: traditional industries accelerated their upgrading through intelligent transformation, with the added value of ten key traditional manufacturing sectors growing by 10.5%; at the same time, the development of new productive forces yielded notable results, as the added value of strategic emerging industries grew by 13.1%. The official launch of two major ten-billion-yuan projects—Baowan Carbon Fiber and Yuyue New Material—has further strengthened the clustering momentum in the new materials sector, fueling breakthroughs in high-end manufacturing with an 8.6% growth rate.

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‌The service sector, acting as a catalyst for transformation and upgrading, achieved an added value of 27.422 billion yuan in the first quarter, a 6.8% increase at constant prices. By industry category, contact-intensive and crowd-intensive service sectors such as wholesale and retail, accommodation and catering, transportation and warehousing, and postal services maintained stable growth. Meanwhile, modern services expanded robustly, with the added value of profit-oriented service sectors growing by 11.8%, among which information transmission, software, and IT services saw a surge of 20.9%. Emerging growth drivers have been effectively cultivated, with the rapid development of fields such as information technology and artificial intelligence spurring the constant emergence of new service models and business formats.

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Investment, consumption, and exports—the "three engines" of economic growth—continued to drive the district's economy. Manufacturing investment remained strong in the first quarter, rising by 15.1%, with equipment investment surging by 56.6%, the highest growth rate in the city. The consumer market saw a surge in activity, supported by ongoing policies aimed at stimulating spending and improving livelihoods, such as trade-in programs for consumer goods and the distribution of consumption vouchers. The district's total retail sales of consumer goods reached 12.09 billion yuan in the first quarter, up 3.2% year-on-year, while retail sales by enterprises above the designated size grew by 5.7%, with catering revenue soaring by 23.8%.

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Meanwhile, foreign trade continued to expand in both volume and quality, with total imports and exports reaching 35.061 billion yuan, up 4.8% year-on-year—the fastest growth rate in the city and 21.2 percentage points higher than the city average—underscoring the growing international competitiveness of "Keqiao Made".

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At the same time, people's livelihoods improved on two fronts, with income growth advancing in tandem with greater urban-rural balance. In the first quarter, the per capita disposable income of all residents reached 30,172 yuan, marking a 6.3% year-on-year increase. Income growth among rural residents once again outpaced that of their urban counterparts, narrowing the urban-rural income ratio to 1.68. As a result, the income gap between urban and rural residents has further shrunk, enabling both groups to share the fruits of development and making the vision of common prosperity increasingly tangible and accessible.